In a letter to the finance ministry, RBI has asked the government for downside protection to foreign investors upon their exit- the move comes after Tata Sons moved the Central Bank in the Docomo natter.
RBI executive director G Padmanabhan said the RBI is working to rewrite and liberalise all pricing guidelines for foreign investment
Siddharth Bhamre advices short-term traders to go short in Nifty at current levels of around 5900-5920 and keep a stop loss at around 5980. He is expecting around 150-200 points correction from current levels till 5720 levels
CNBC-TV18's managing editor, Udayan Mukherjee says, our market will have to absorb a log of important earnings, so stock specific action is expected. It would not be surprising if the market is range bound.